Energy & Mineral Resources Division Secretary and Chairman of Titas Board Abu Hena Md Rahmatul Munim (C) presiding over the 38th annual general meeting of Titas Gas Transmission and Distribution Company Ltd (TGTDCL) in the city on Sunday Titas Gas Transmission & Distribution Company Limited has approved 26 per cent cash dividend earlier recommended for the year ended on June 30, 2019.
The approval came at the company's 38th annual general meeting (AGM) in the capital on Sunday, said a statement.
The company said its income from gas sales declined 0.25 per cent to Tk 14.15 billion in the fiscal year (FY) 2018-19 when it sold more than 16.56 billion cubic metre of gas.
The company's net profit after tax stood at above Tk 4.64 billion for the FY 2018-19.
"The company deposited above Tk 5.92 billion to the government exchequer in the FY 2018-19," said the release.
Titas Gas, presently an 'A' category company, was listed with the stock exchanges in 2008.
The company's share price closed at Tk 31.10 each on Monday with a marginal loss of 0.64 per cent or Tk 0.2 on the Dhaka Stock Exchange (DSE).
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